Posted on 05/02/2006 2:13:04 PM PDT by WestVirginiaRebel
HOUSTON-Enron Corp. founder Kenneth Lay wrapped up six days on the witness stand Tuesday by saying that the company's collapse was "the most painful thing in my life."
"I lived Enron very much," Lay told jurors in his federal fraud trial. "I think we built a great company. I think the most painful thing in my life was watching Enron finally have to go into bankruptcy."
(Excerpt) Read more at foxnews.com ...
It will be the second most painful experience in his life.
I think we built a great company.
I thought he just created Enron.
Wait until you meet your 300 pound cell mate, Mohammed Shabazz Jones ---- who hasn't had a cell mate in years...
Brace yourself...
Semper Fi
He's obviously never had a colonoscopy.
Kennie Boy, make sure you don't pick up the soap. Now that, would be a painful experience!
Not half as painful as all the employees' experience of losing their life savings and their jobs.
Prison foreplay: "Brace yourself, boy..."
Gee, Ken, I'm sure your sadness on the plight of Enron was foremost as you cashed out $88 MILLION in shares as you told your employees at the same time what a great investment Enron was, as you encouraged the suckers to pump it all even higher as you got out.
I'm sure all that was very painful for you.
How much did your 401K get popped? We were taken for 110K.
Nuh uh! Those damn computers did that! They sold the stock all by themselves because they wee supposed to! Ken Lay was mowing the grass when that happened! Really! No! Wait! He was in the shower! That's it. He was in the shower and got soapin his eyes and by the time he got out of the shower all that stock was sold by the computers!
(* Prediction - Before this is all over one of the Enron big shots will expire by his own hand.)
I hope he has to come face to face with some exemployees and stockholders in there!
He will most likely get to spend his time in a low security prison with tennis courts and a golf course.
I hope he makes some inmate a really great bitch.
I think Skilling is toast. Lay's big mistake was coming back into the company when Skilling left. If Lay had not returned, he would not be on trial today. Enron was a lost cause by the time Lay returned; so I think a jury might take that into consideration.
The prosecution seems to be one of creating innuendo only -- to my mind, that's not enough, although a jury may decide to convict (wrongly, though) on that evidence.
For Lay to have been negligent, or asleep at the switch, does not amount to a criminal act -- those are wrongs that are addressed in civil court.
Clearly Faustow was a criminal, and he's admitted to such. I don't think that has been proven with Lay.
One already has - Cliff Baxter. January, 2002. He was the only one with a conscience.
When Hueston asked whether Lay considered cutting personal expenses so he could borrow less cash from Enron, the ex-chairman said he could not simply turn off his lifestyle "like a spigot.""We could have reduced some living costs, but as I said earlier, we had realized the American dream," Lay testified Monday, his third day under a tense cross-examination from Hueston. "We were living a very expensive lifestyle."
Butterfly McLay: "Lawsy, lawsy, Mr. Prosecutor, I didn't know nothin' 'bout runnin' no big company ... I's jes' livin' dat good lifes cuz I's spesheeyul."
Kenny's philosophy: "The Buck Stops Here-right in my personal account."
Lay and Skilling must have You on retainer!
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